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Large US Wealth Manager Launches Mobile App For Investment Monitoring

Max Skjönsberg

13 January 2012

BNY Mellon has launched a new mobile app for performance and risk analysis that enables clients to keep an eye on their investments on the move.

With P&RA Mobile Dashboard, investors can view portfolio and benchmark data on their iPads, including daily and historical returns. Clients can also review returns by major asset class, as well as look at returns gross or net of fees.

BNY Mellon said in a statement that it is looking to launch more features early on this year.

“It’s widely predicted that over the next 18 months 80 per cent of banks will have some sort of mobile banking offer,” Mark Gunning, director of banking solutions at Temenos, the wealth management technology firm, told this publication at the beginning of the year.